First Horizon Advisors Inc. Has $4.21 Million Position in First Trust Managed Municipal ETF (NASDAQ:FMB)

First Horizon Advisors Inc. decreased its position in shares of First Trust Managed Municipal ETF (NASDAQ:FMB) by 25.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 82,583 shares of the company’s stock after selling 28,733 shares during the quarter. First Horizon Advisors Inc.’s holdings in First Trust Managed Municipal ETF were worth $4,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in shares of First Trust Managed Municipal ETF during the third quarter worth $13,088,000. LPL Financial LLC increased its position in First Trust Managed Municipal ETF by 6.9% in the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after purchasing an additional 162,331 shares during the period. Brady Martz Wealth Solutions LLC acquired a new stake in First Trust Managed Municipal ETF in the fourth quarter worth about $6,440,000. International Assets Investment Management LLC raised its holdings in First Trust Managed Municipal ETF by 5,096.0% during the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock worth $5,934,000 after purchasing an additional 112,010 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in First Trust Managed Municipal ETF during the 4th quarter valued at about $3,560,000.

First Trust Managed Municipal ETF Stock Down 0.0 %

Shares of NASDAQ FMB opened at $51.24 on Monday. The firm’s 50-day moving average is $51.00 and its 200-day moving average is $51.41. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, February 21st.

First Trust Managed Municipal ETF Company Profile

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.